Marksign Media Promotions Ltd.: Financing for expansion when cash flow statements “Say No”

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dc.contributor.author Macharia, Jimmy K.N.
dc.date.accessioned 2017-03-09T08:17:32Z
dc.date.available 2017-03-09T08:17:32Z
dc.date.issued 2010
dc.identifier.uri http://erepo.usiu.ac.ke/11732/3153
dc.description.abstract Evelyn Majibo, the CEO of Marksign Media Promotions Limited (MMP) believed that “nothing is impossible in business.” However, by January 2011 one thing had proofed almost impossible to her -how to get credit from banks or even machine vendors with the current cash flows in her business. For two months four banks and three vendors had turned down her request for a credit line. “I had promised my co-directors Fredrick and Robert that we shall get credit to buy a second printing machine worth Kenya shillings 2.5 Million.” Evelyn reflected. Fredrick, the Chairperson of the board of directors, had called a meeting for all directors to be held on 30th January 2011. Evelyn had struggled with what to do to fulfil her promise after the banks and vendors had turned down her proposal. On 30th January, 2011, as Evelyn sat in her office chair getting ready for the board meeting, the reflection of what recommendation to give to the board was not only disturbing but frustrating. “What recommendation will I give to my co-directors” Evelyn wondered as she sipped some warm water. “Do I recommend that we make more efforts to solicit for a bank loan, or visit other vendors in the hope of obtaining credit line, or wait for the next one year to accumulate sufficient funds to buy the printer?” Evelyn wondered. en_US
dc.publisher United States International University - Africa en_US
dc.subject Marksign Media Promotions en_US
dc.subject Financing en_US
dc.subject cash flow statements en_US
dc.title Marksign Media Promotions Ltd.: Financing for expansion when cash flow statements “Say No” en_US
dc.type Working Paper en_US

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